UBER

Over the last three years, Uber tripled its free cash flow to roughly $10 billion a year. And yet, the stock trades below where it traded when we first pitched it on this show 15 months ago.

With Whimo just recently raising money at $126 billion valuation, it has effectively the same market capitalization as Uber despite having a fraction of the revenues and being unprofitable.

So the market is clearly saying it believes in the future of ABS and it doesn't necessarily see Uber as a beneficiary. So either the market is mispricing one of the best businesses we own or the robots are really coming for our largest holding.

Why did Uber completely fall apart? Sorry, Jason.

And why is it that Uber, which incurs a huge cost called human beings in its operation, has also reached the end of its era?

In second place, Uber's virtual network of 20 partners, 35%, which is close to second place . He adds: "Uber and Tesla are the deals of a lifetime at under $100 and under $400 respectively, in my opinion." He says.

>> But we we own a lot of great companies, too. So, I I come in with these biases of like, you know, if I have, you know, $10,000 to invest, uh, I could either put it in in in Reddit or Uber or Alphabet or I could put in Hermes or, you know, a million other things. And, you know, for me, if I'm putting talking about Hermes, like I can't I can't rank it higher than than B TOC because I'm just I'm not that close to to wanting to add it to the portfolio.

Uber is the next top stock I'll recommend here with a fair value estimate at $123, a current market price of $76. Given that difference between market price and fair value, I calculated an upside of 62% for Uber stock over the next 12 to 18 months.

Couple of things I'm most excited about is this is a scaled asset light platform business model. Uber doesn't own any of the cars on the platform right now. It just brings together drivers and customers and it takes a fee from every transaction on that platform.